Silgan Holdings Inc. $SLGN Shares Acquired by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Silgan Holdings Inc. by 8.2%, acquiring an additional 250,577 shares, bringing its total ownership to approximately 3.10% of the company, valued at $169.3 million.
• Silgan recently reported quarterly earnings of $1.01 per share, missing analyst expectations by $0.02, while its revenue increased by 11.4% compared to the same period last year.
• The company also announced a quarterly dividend of $0.20 per share, with a current dividend yield of 1.8% and a payout ratio of 28.47%.

Dimensional Fund Advisors LP increased its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 8.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,312,590 shares of the industrial products company's stock after acquiring an additional 250,577 shares during the period. Dimensional Fund Advisors LP owned about 3.10% of Silgan worth $169,334,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SLGN. CX Institutional purchased a new stake in Silgan in the first quarter worth $42,000. UMB Bank n.a. grew its holdings in shares of Silgan by 254.9% in the first quarter. UMB Bank n.a. now owns 898 shares of the industrial products company's stock worth $46,000 after purchasing an additional 645 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Silgan in the 1st quarter worth about $51,000. GeoWealth Management LLC bought a new stake in Silgan during the 4th quarter valued at about $56,000. Finally, Continuum Advisory LLC boosted its position in Silgan by 2,754.3% in the 1st quarter. Continuum Advisory LLC now owns 1,313 shares of the industrial products company's stock valued at $67,000 after buying an additional 1,267 shares during the period. Hedge funds and other institutional investors own 70.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SLGN. Wells Fargo & Company lifted their price target on shares of Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Bank of America restated a "neutral" rating and set a $59.00 price objective (up from $57.00) on shares of Silgan in a report on Wednesday, July 9th. Truist Financial upped their target price on Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Royal Bank Of Canada dropped their price target on Silgan from $64.00 to $57.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. upgraded Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 price objective for the company in a report on Thursday, May 1st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $62.44.

Silgan Stock Down 1.6%

SLGN traded down $0.7330 during trading on Monday, hitting $46.4770. The stock had a trading volume of 1,014,501 shares, compared to its average volume of 1,436,495. The stock has a 50 day simple moving average of $51.87 and a two-hundred day simple moving average of $52.14. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.56 and a current ratio of 0.96. Silgan Holdings Inc. has a twelve month low of $44.37 and a twelve month high of $58.14. The company has a market capitalization of $4.97 billion, a PE ratio of 16.54, a PEG ratio of 1.18 and a beta of 0.69.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.02). Silgan had a return on equity of 19.98% and a net margin of 4.90%.The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the company posted $0.88 earnings per share. The business's revenue for the quarter was up 11.4% on a year-over-year basis. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. On average, research analysts predict that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $0.20 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.7%. Silgan's dividend payout ratio (DPR) is 28.47%.

Insiders Place Their Bets

In other news, EVP Robert B. Lewis sold 11,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $46.70, for a total transaction of $513,700.00. Following the sale, the executive vice president owned 142,378 shares in the company, valued at approximately $6,649,052.60. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.13% of the company's stock.

About Silgan

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.